Luxury car sales zoom to new highs

Porsche cars seen here in a showroom at Sungei Kadut. The marque was the third best seller among luxury cars with 448 registered - a 48% increase from 2009. -- ST PHOTO: TED CHEN LUXURY and sports car sales have hit new highs, powered by a strong economy, new models and a shrinking certificate of entitlement (COE) supply that has priced out cheaper competitors. Practically all high-end cars posted record sales last year as they outgunned bread-and-butter brands for COEs as premiums soared on the back of one of the smallest quotas ever. Read the full story in Friday's edition of The Straits Times.